SEOUL, Nov. 25 (Korea Bizwire) — A variety of South Korean businesses, including those specializing in automobiles, self-driving technology, semiconductors for automobiles, and telecommunications software will unite forces to create a connected car ecosystem.
The Ministry of Trade, Industry and Energy announced that it hosted an inauguration ceremony for the Connected Car Alliance in Yeouido, Seoul on Thursday.
The ceremony was attended by about 150 business representatives, including those from Hyundai Motor Co., Hyundai Mobis Co., LG Electronics Inc., Renault Korea Motors and KT Corp., as well as academic professionals.
The Connected Car Alliance will be composed of major companies in four business areas and 37 related agencies.
The businesses specializing in manufacturing telecommunications parts and systems will develop international standard-based vehicle telecommunication system technology, while carrying out large demonstration projects.
The companies specializing in security solution development will be in charge of developing security solutions for applications in vehicle-to-everything (V2X) and cooperative intelligent transport system (C-ITS).
Telecom operators and service platform developers will create a new service model based on a connected car platform using high-precision maps and traffic information.
Manufacturers will develop a full self-driving system and vehicle software that can be integrated with connected cars.
Kevin Lee (firstname.lastname@example.org)